CEPA: Leverage to promote Vietnam-UAE economy, trade

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(VOVWORLD) -The formation of long-term cooperation frameworks such as Comprehensive economic partnership agreement (CEPA) between Vietnam and United Arab Emirates (UAE) will provide the necessary foundations for the two sides to promote future cooperation, a Vietnamese official has said.

CEPA: Leverage to promote Vietnam-UAE economy, trade - ảnh 1Vietnam-UAE Business Forum. (Photo: Ministry of Industry and Trade)

Through the CEPA, the UAE can become a bridge between Vietnam and other countries in the region, stated Minister of Industry and Trade Nguyen Hong Dien during talks with visiting UAE Minister of State for International Trade Affairs Thani bin Ahmed Al Zeyoudi in Hanoi on Monday.

The two countries should continue to exchange and complete internal procedures in accordance with regulations to negotiate and sign the agreement as soon as possible, Dien said.

He encouraged UAE businesses to consider investing in a number of fields in Vietnam such as renewable and clean energy; chemical industry; supporting industries and material production; building industrial parks in a number of potential economic regions of Vietnam.

CEPA: Leverage to promote Vietnam-UAE economy, trade - ảnh 2A working session between Vietnam and the UAE. (Photo: Ministry of Industry and Trade)

Thani bin Ahmed Al Zeyoudi said that the UAE Government always considers Vietnam an important partner in the Asia-Pacific region and wishes to strengthen cooperation with the country in all fields.

He said that the UAE is ready to coordinate with the Vietnamese side to promote the negotiation process for the early signing of the Comprehensive Economic Partnership Agreement.

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